This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a regulator sets the price equal to the natural monopolist's marginal cost, a. the monopoly will ... (Read 123 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
If a regulator sets the price equal to the natural monopolist's marginal cost,
 a. the monopoly will experience a loss
  b. the monopoly will earn a profit
  c. the monopoly will earn zero profit
  d. consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
  e. the monopoly will be better off than it would be if its profit maximization activities were unregulated

Question 2

Average revenue minus average total cost equals
 a. total economic profit
  b. total accounting profit
  c. a normal profit
  d. economic profit per unit of output
  e. marginal cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


misspop

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Correct answers!


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Natural Products Natural Products
A typical port fuel-injected system showing a vacuum-controlled fuel-pressure regulator. A typical port fuel-injected system showing a vacuum-controlled fuel-pressure regulator.
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Chart showing average yearly dose of radiation from natural and human-made sources Chart showing average yearly dose of radiation from natural and human-made sources
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library